Looking to balance out your exposure to UFPI? The ETFs below have historically moved differently from UFPI, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for UFPI
4 ETFs have low correlation with UFPI (below 0.3), 1 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.09, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.09 | 0.19 | 0.27 | 75 | Energy Equities | UFPI vs XLE | |
| Invesco QQQ ETF | 0.17 | 0.35 | 0.43 | 58 | Nasdaq-100 | UFPI vs QQQ | |
| Vanguard S&P 500 ETF | 0.29 | 0.47 | 0.55 | 78 | S&P 500 | UFPI vs VOO | |
| State Street SPDR S&P 500 ETF | 0.30 | 0.48 | 0.55 | 78 | S&P 500 | UFPI vs SPY | |
| Schwab U.S. Dividend Equity ETF | 0.49 | 0.61 | 0.63 | 95 | Dividend | UFPI vs SCHD |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for UFPI, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Fabrinet (FN) (Technology) with a 1Y correlation of -0.01, down from 0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fabrinet | -0.01 | 0.24 | 0.33 | 66 | Technology | |
| NVIDIA Corporation | 0.06 | 0.17 | 0.30 | 61 | Technology | |
| Dorian LPG Ltd. | 0.06 | 0.18 | 0.20 | 89 | Energy | |
| NexGen Energy Ltd. | 0.07 | 0.15 | 0.24 | 70 | Energy | |
| Eli Lilly and Company | 0.08 | 0.13 | 0.14 | 79 | Healthcare |
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